Michotte Philippe Dr.: what changed
What changed
Michotte Philippe Dr.
NACE 86.210, General medical practice
filed annual accounts (NBB)
Net result for the year
€103,764
2024 · €83,309+€20,455
Equity
€205,674
2024 · €256,915-€51,242
Cash
€136,927
2024 · €38,276+€98,651
Balance sheet total
€751,822
2024 · €882,867-€131,045
Largest movements
Assets
- Current investments -€150,000
down €150,000 (-60.0%), from €250,000 to €100,000
- Cash +€98,651
up €98,651 (+258%), from €38,276 to €136,927
mainly Current investments (+€150,000) and Net result for the year (+€103,764)
- Tangible fixed assets -€79,916
down €79,916 (-13.7%), from €582,307 to €502,391
of which Land and buildings: -€63,840
Equity and liabilities
- Debts after one year -€143,333
down €143,333 (-29.6%), from €484,121 to €340,788
of which Other amounts payable: -€110,000
- Other debts +€63,684
up €63,684 (+72.7%), from €87,543 to €151,227
- Reserves -€51,242
down €51,242 (-21.5%), from €238,315 to €187,074
Income statement
- Gross operating margin +€23,502
up €23,502 (+12.1%), from €193,441 to €216,944
- Financial income -€4,246
down €4,246 (-47.3%), from €8,980 to €4,734
- Taxes -€2,695
down €2,695 (-8.3%), from €32,623 to €29,928
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€83,309
Gross operating margin
+€23,502
Staff costs
-€92
Depreciation
-€785
Other operating charges
-€1,057
Financial income
-€4,246
Financial charges
+€438
Taxes
+€2,695
Result 2025
€103,764
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€248,039
Investment
+€148,951
Financing
-€298,339
Cash 2024
€38,276
From operations (derived)
+€248,039
Net result for the year
+€103,764
Depreciation
+€80,965
Receivables within one year
-€480
Deferred charges and accrued income
+€259
Trade debts
-€902
Tax, wage and social debts
+€1,647
Other debts
+€63,684
Accrued charges and deferred income
-€900
Investment (derived)
+€148,951
Investment in fixed assets (net)
-€1,049
Current investments
+€150,000
Financing
-€298,339
Debts after one year
-€143,333
Contributions, distributions and other
-€155,006
Cash 2025
€136,927
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €882,867 | €751,822 | -€131,045 | -14.8% |
| Fixed assets | 21/28 | €582,307 | €502,391 | -€79,916 | -13.7% |
| Tangible fixed assets | 22/27 | €582,307 | €502,391 | -€79,916 | -13.7% |
| Land and buildings | 22 | €549,521 | €485,681 | -€63,840 | -11.6% |
| Plant, machinery and equipment | 23 | €8,000 | €6,191 | -€1,809 | -22.6% |
| Furniture and vehicles | 24 | €24,787 | €10,519 | -€14,268 | -57.6% |
| Current assets | 29/58 | €300,559 | €249,430 | -€51,129 | -17.0% |
| Amounts receivable within one year | 40/41 | €22 | €502 | +€480 | +2,187% |
| Trade receivables | 40 | €22 | €35 | +€13 | +57.2% |
| Other amounts receivable | 41 | €0 | €467 | +€467 | |
| Current investments | 50/53 | €250,000 | €100,000 | -€150,000 | -60.0% |
| Cash at bank and in hand | 54/58 | €38,276 | €136,927 | +€98,651 | +258% |
| Deferred charges and accrued income | 490/1 | €12,261 | €12,001 | -€259 | -2.1% |
| Total equity and liabilities | 10/49 | €882,867 | €751,822 | -€131,045 | -14.8% |
| Equity | 10/15 | €256,915 | €205,674 | -€51,242 | -19.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €238,315 | €187,074 | -€51,242 | -21.5% |
| Distributable reserves | 133 | €238,315 | €187,074 | -€51,242 | -21.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €625,951 | €546,148 | -€79,803 | -12.7% |
| Amounts payable after more than one year | 17 | €484,121 | €340,788 | -€143,333 | -29.6% |
| Financial debts | 170/4 | €302,778 | €269,444 | -€33,333 | -11.0% |
| Other amounts payable | 178/9 | €181,343 | €71,343 | -€110,000 | -60.7% |
| Amounts payable within one year | 42/48 | €140,930 | €205,360 | +€64,430 | +45.7% |
| Current portion of amounts payable after more than one year | 42 | €33,333 | €33,333 | = | 0.0% |
| Trade debts | 44 | €2,389 | €1,488 | -€902 | -37.7% |
| Suppliers | 440/4 | €2,389 | €1,488 | -€902 | -37.7% |
| Taxes, remuneration and social security | 45 | €17,665 | €19,312 | +€1,647 | +9.3% |
| Taxes | 450/3 | €17,665 | €19,312 | +€1,647 | +9.3% |
| Other amounts payable | 47/48 | €87,543 | €151,227 | +€63,684 | +72.7% |
| Accrued charges and deferred income | 492/3 | €900 | €0 | -€900 | -100% |
| Remuneration, social security and pensions | 62 | - | €92 | +€92 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,180 | €80,965 | +€785 | +1.0% |
| Other operating charges | 640/8 | €1,030 | €2,087 | +€1,057 | +103% |
| Gross operating margin | 9900 | €193,441 | €216,944 | +€23,502 | +12.1% |
| Operating profit (loss) | 9901 | €112,231 | €133,799 | +€21,568 | +19.2% |
| Financial income | 75/76B | €8,980 | €4,734 | -€4,246 | -47.3% |
| Recurring financial income | 75 | €8,980 | €4,734 | -€4,246 | -47.3% |
| Financial charges | 65/66B | €5,279 | €4,841 | -€438 | -8.3% |
| Recurring financial charges | 65 | €5,279 | €4,841 | -€438 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €115,932 | €133,692 | +€17,760 | +15.3% |
| Income taxes | 67/77 | €32,623 | €29,928 | -€2,695 | -8.3% |
| Profit (loss) for the period | 9904 | €83,309 | €103,764 | +€20,455 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €83,309 | €103,764 | +€20,455 | +24.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.